Sydney Tokyo London New York
real time forex news and technical analysis
National Core CPI y/y


Euro ramping higher on ECB Draghi comments

EURUSD News by Newsroom on 09:57 June 27, 2017 EST
The euro surged to 1.128, its highest in over a week against the dollar on Tuesday, after European Central Bank President Mario Draghi said factors weighing on inflation in the euro zone were temporary and the Bank could look through them.

Speaking at the ECB's annual policy forum at Sintra in Portugal, Draghi showed optimism and highlighted a recovering euro zone economy. He said that deflationary forces had been replaced with inflationary ones, while added that stimulus in the form of the ECB's monetary support was still needed.